Key Points
- Director Leonard Tannenbaum bought 60,600 shares of AFC Gamma at $2.59 on March 19, raising his stake to 6,198,589 shares (a 0.99% increase) in an SEC-filed transaction valued at about $156,954.
- AFC Gamma reported Q results with EPS of -$0.12 (missing the $0.06 consensus) but revenue of $8.71M; the company also declared a quarterly dividend of $0.05 (annualized $0.20) representing a 7.2% yield, ex-dividend March 31 and payable April 15.
- Analyst sentiment is negative (average rating "Sell" with two Sells and one Hold, average target $4.50), and the stock has a market cap of about $65.2M and a 52-week range of $2.06–$6.52.
AFC Gamma Inc. (NASDAQ:AFCG - Get Free Report) Director Leonard Tannenbaum acquired 60,600 shares of the firm's stock in a transaction on Thursday, March 19th. The stock was purchased at an average price of $2.59 per share, with a total value of $156,954.00. Following the transaction, the director owned 6,198,589 shares of the company's stock, valued at approximately $16,054,345.51. This trade represents a 0.99% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
AFC Gamma Price Performance
AFC Gamma stock opened at $2.77 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.45 and a current ratio of 3.45. The company's fifty day moving average price is $2.42 and its 200 day moving average price is $3.09. The stock has a market capitalization of $65.23 million, a P/E ratio of -2.92 and a beta of 1.02. AFC Gamma Inc. has a 1 year low of $2.06 and a 1 year high of $6.52.
AFC Gamma (NASDAQ:AFCG - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.18). The company had revenue of $8.71 million for the quarter, compared to analysts' expectations of $5.36 million. AFC Gamma had a positive return on equity of 0.99% and a negative net margin of 70.17%. As a group, equities research analysts anticipate that AFC Gamma Inc. will post 1.64 earnings per share for the current fiscal year.
AFC Gamma Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 7.2%. The ex-dividend date is Tuesday, March 31st. AFC Gamma's dividend payout ratio is presently -55.79%.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on AFCG shares. Weiss Ratings reaffirmed a "sell (d)" rating on shares of AFC Gamma in a research note on Wednesday, January 21st. Zacks Research lowered shares of AFC Gamma from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 5th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Sell" and an average target price of $4.50.
Get Our Latest Stock Report on AFCG
About AFC Gamma
(
Get Free Report)
AFC Gamma, Inc is a specialty finance real estate investment trust that focuses on providing structured financing solutions to companies operating and developing digital infrastructure and life science real estate assets. As a REIT, AFC Gamma seeks to generate attractive risk-adjusted returns through a diversified portfolio of loans, preferred equity and other financing structures that are secured by tangible property collateral or contractual revenue streams.
The company's primary business activities include originating, acquiring and managing secured loans and equity investments that support wireless and broadband network deployment, data center expansion, and life sciences facility development.
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